We haven’t seen this news being reported anywhere else and it’s information that’s not only free to everyone but should be reported on given that people have invested their money into this stock. (Perhaps the mainstream news media is keeping it silent because the Biotech industry pays them BILLIONS annually in ads?)
While many of us warned against the 62.5 billion dollar merger between Bayer and Monsanto, its continued downward spiral on the stock market (thanks to the many lawsuits against Monsanto) “is turning out to be some of the best news of the year” for those who care about both the environment and human health.
“Leading up to their monstrous union on June 7, 2018, analysts predicted huge profits from the further monopolization of the pesticide industry on the backs of rising prices for farmers and consumers.
Instead, the stock went up briefly to $31.67 per share on June 16, and ever since has been trading at a steady decline and currently rests just shy of halfit’s price 6 months ago at $17.81. Now Bayer is rapidly cutting jobs and selling off smaller brands in an effort to stay viable amidst the stunning losses.”1
- CBS: Victory! Monsanto verdict upheld, Bayer stock crashes. Analysts Estimate $800B in future losses
The stock took its first big dip after the Johnson vs. Monsanto trial that saw DeWayne Johnson win a judgment against Monsanto’s Roundup for causing his cancer. While yes, Bayer (remember they dropped the Monsanto name) managed to get the damages reduced from $289 million to $78 million, their battle for survival is really in its infancy; there are currently at least 9,000 lawsuits related to Roundup.
“One can only imagine the long list of other chemical lawsuits the Bayer-Monsanto conglomerate will face in coming years. After all, Monsanto is the same company that brought us Agent Orange, heroine, and the GMO crops which have hurt small farmers and have lead to various ecological problems. Bayer, on the other hand, is the inventor of countless drugs, and the neonicotinoid insecticides which many scientists have linked to the mass bee die offs currently threatening the entire food system.
But it doesn’t stop there for Bayer-Monsanto. The widespread practice of spraying glyphosate on wheat pre-harvest, is causing mass contamination of many food products like children’s breakfast cereals. So now, the companies using grain contaminated with glyphosate are being taken to court too. General Mill’s was the first in a multitude of this type of class action lawsuit for allowing glyphosate into products like Cheerios.”2
As we have said (and done- always gotta lead by example) many times over the last couple of years, we have the power to change our world and sometimes it’s as simple as letting our money do the talking. If we commit to buying non-GMO, organic food, if we support green business, if we take care of our environment and refuse to accept anything less from the corporations that want to do business with us- the consumer- they will have no choice but to follow suit.
This is huge news and a big win for the environment and humanity. Keep spreading the word. We can make a difference!